Gnosis Price (GNO)

What Is Gnosis (GNO)?

Gnosis is a collective of aligned projects revolutionizing payments infrastructure to make decentralized financial tools accessible and usable for all. The Gnosis ecosystem is underpinned by Gnosis Chain, a highly secure, resilient, and decentralized EVM Layer 1 network and also includes the venture-building arms, Gnosis Studio and GnosisVC, the developer, investor, and incubator of a host of leading decentralized solutions.

These projects are creating a radically inclusive infrastructure helping bridge the gap between blockchain technology and practical, everyday applications/use cases.

Who Are the Founders of Gnosis?

Gnosis was launched under ConsenSys Inc., an Ethereum-focused software company, back in 2015. Two years later, in 2017, the project won funding and became independent. It launched its native GNO token in April the same year.

The core team is led by Martin Köppelmann (CEO and co-founder), Stefan George (CTO and co-founder) and Dr. Friederike Ernst (COO).

Gnosis CEO Martin Köppelmann is a serial entrepreneur and recognizable figure in the blockchain space. He has an IT systems engineering degree from the Hasso Plattner Institute, and helped research the economic incentive structure of various consensus mechanisms and scalability solutions.

Gnosis CTO and co-founder Stefan George is a software developer with a bachelor's degree in systems engineering from the University of Potsdam and a master's degree from the Hasso Plattner Institute. He became interested in the crypto industry back in 2013, when he served as a research intern at Sap labs. He went on to found fairlay.com (a centralized Bitcoin prediction market) and work for some Berlin-based startups. Like Köppelmann, he also helped develop various technology companies in Silicon Valley.

What Makes Gnosis (GNO) Unique?

GNO is the staking token of Gnosis Chain and the governance token for the GnosisDAO and an index token for the Gnosis ecosystem. GnosisVC incubates, invests in, and supports projects in all early stages, spinning incubated projects out where appropriate. The relationship between these ventures and the token can take several forms: Either GNO is used as a token directly or the Gnosis token is economically coupled with the project tokens.

Related Pages:

Read about Augur (REP) — a prediction markets protocol on Ethereum.

Check out our step-by-step guide on how to add Gnosis Chain to MetaMask.

What are Decentralized Autonomous Organizations (DAO)? Learn more with CMC Alexandria.

What is a prediction market? Find out with the CMC glossary.

How Many Gnosis (GNO) Coins Are There in Circulation?

GNO is the native cryptocurrency of the Gnosis ecosystem. It's used to operate and govern the platform. Gnosis (GNO) has a total maximum supply of 3,000,000 coins. At the time of writing, the circulating supply is 2,589,588 $GNO.

GNO owners are given access to the GnosisDAO platform, where they can express their opinion on protocol changes, influence the project development vector, participate in the prediction market and receive rewards.

How Is the Gnosis Network Secured?

Gnosis (GNO) was built on the Ethereum blockchain as an ERC-20 token. Consequently, the whole network is secured by Ethereum’s Proof-of-Stake (PoS) consensus mechanism. The Gnosis platform has a series of smart contracts that are deployed on Ethereum and are frequently audited.

On top of that, the platform’s multi-sig protocol - Gnosis Safe - acts as an additional security layer.

Where Can You Buy Gnosis (GNO)?

Gnosis (GNO) is listed on crypto platforms like Binance, Coinbase Exchange, Kraken, Bitfinex, Uniswap (V2) / (V3), Bittrex, Huobi, Gate.io, Balancer, SushiSwap, Bitget, MEXC, BKEX, Bitvavo, CoinEx, LATOKEN, BitMart, BTCEX, DigiFinex, Dcoin and more.

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